caveat emptor

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Related to Caveat venditor: caveat vendor

Caveat Emptor

Latin for "let the buyer beware." It is used in many transactions to indicate that all sales are final and all due diligence is the sole responsibility of the buyer. The phrase is especially common in real estate.

caveat emptor

‘let the buyer beware’: a situation where a supplier of a good or service is under no legal obligation to inform buyers of any defects or deficiencies in the products supplied. It is thus the responsibility of buyers to determine for themselves whether or not the product is satisfactory. Compare CAVEAT VENDOR.

caveat emptor

a Latin phrase meaning ‘let the buyer beware’. Put simply, this means that the supplier has no legal obligation to inform buyers about any defects in his goods or services. The onus is on the buyer to determine for himself or herself that the good or service is satisfactory. Compare CAVEAT VENDOR.

caveat emptor

Means “buyer beware.” The legal doctrine followed in some states that sellers of real property are not required to disclose any defects except those inherently dangerous and not easily discoverable by the purchaser.Contrast with seller disclosure states that affirmatively mandate written disclosure of a wide variety of named deficiencies,plus anything else that might be deemed a property defect.

References in periodicals archive ?
Caveat venditor or 'let the vendor beware' philosophy occurs when a company puts the consumers' best interests over its own desire for profit maximization.
A number of credit card issuers have adopted a caveat venditor philosophy and not only complied with legal standards for the industry, but have gone beyond the letter of the law and made significant investments in educational and supportive training programs and materials for the students market.
The market has changed from a Caveat Emptor (buyer beware; the seller may not be telling you everything) to Caveat Venditor (seller beware; the buyer knows everything about you).